Clarksons’ Andi Case has been rewarded for another record year with a rise in his total pay to £12.56m ($16.28m).

The company’s annual report shows the chief executive and leading shipbroker received a salary of £550,000 and a bonus of £11.1m.

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The London-listed operation, the world’s biggest shipbroker, said Case has direct responsibility for a significant proportion of the company’s revenue.